|
A thought on line breaks.
I have been trading Nicks method along side my usual trading method and I have made a total of 15 trades. I keep a note with screen shots of every trade i make and I noticed something.
All of the profitable line breaks seem to go stright into profit with very little drawdown where as the not so good trades bounce back after crossing the line and then maybe carry on down slowly or head back and I have to close the position at a loss.
have you guys notice this too or do you find that a large portion of the trades that bounce back from the line head into profit later on?
Anyway here is what I was considering... Once the line has broken and I am in a trade If it doesnt go stright into profit I close the trade at a small loss 20-30 pips and move onto the next one instead of sitting through a agonising trade that isnt going anywhere.
I would be interested to know your views on this idea.
Thanks
__________________
"Try not to become a man of success, but rather to become a man of value"
|